Last Updated : 18-04-2014 21:16

 
 

Business

BOC 2012 profits up despite 4Q dip

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State banking giant, Bank of Ceylon (BOC) with an asset base of over one trillion rupees saw its group net profits in December quarter declining 16 percent to Rs.3.5 billion from the corresponding quarter in 2011, according to the quarterly financial statements released recently.

India, a stumbling block for Lankan Fund Managers: Promoter

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One of the biggest obstacles of attracting foreign direct investments (FDIs), development finance and portfolio investment to Sri Lanka is her neighbour, India, a promoter of Colombobased private equity fund told Mirror Business in a brief interview.

Setting of stock prices and forces that move them

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When a company goes public through an initial public offering (IPO), an investment bank evaluates the company’s current and projected performance and health to determine the value of the IPO for the business.

From crisis to sustenance : Blue Ocean Strategy – In pursuit of differentiation

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Continuing with our Blue Ocean Strategy basics series, today we will highlight ‘Tipping Point Leadership’ and the ‘Four Organisational Hurdles’ to strategy execution.
A good Blue Ocean Strategy will have three defining characteristics:

Dialog secures Mobile 4G LTE Spectrum at TRCSL auction

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Dialog Axiata PLC announced yesterday that it had secured the 10 MHz tranche of Mobile 4G LTE Spectrum auctioned by the Telecommunications Regulatory Commission of Sri Lanka.

World Bank provides US $ 200 mn to improve health sector

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The World Bank has provided US $ 200 million to further enhance health sector services in Sri Lanka, a communiqué by the Colombo office of the global lender said.

CSE opens 6th branch office in Anuradhapura

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The Colombo Stock Exchange (CSE) opened its 6th branch office in Anuradhapura yesterday.

Feasibility of solar electricity in Sri Lanka

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An overview of the state of Solar PV installation in the Sri Lankan hotel industry was carried out recently...

Bourse at 1-week low on interest rate concerns

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Stocks ended tad weaker yesterday to hit a one-week low despite foreign inflows, as investors were worried over upward pressure on interest rates after yields in Treasury bills rose for a fourth straight week.

Fonterra's global ambassodor, All Blacks capt. arrives in SL

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Fonterra brand ambassador and New Zealand All Blacks rugby captain, Richie McCaw visited Fonterra's milk processing site in Biyagama yesterday, to witness first-hand the company's contribution to the local dairy industry.

Bilateral trade between SL - China tops US$ 2.6bn

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Bilateral trade between Sri Lanka and China topped US$ 2.67 billion in 2012, increasing by 19.5 percent from 2011, the Industry and Commerce Ministry said in a statement

What next after Cyprus bailout?

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In bailing out Cyprus and taking funds from savers instead of taxpayers, the euro zone has crossed a Rubicon with implications for future banking rescues in other countries despite assertions that the crisis in the island nation is unique.

Motor vehicle registrations dip in February

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Registrations of brand new and pre-owned vehicles plunged 44.9 percent Year-on-Year (YoY) to 23,544 registrations during the month of February, according to information analyzed by the local equities brokerage, J.B. Securities (Pvt) Ltd.

Combank ranked Lanka’s ‘most desired’ employer

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The Commercial Bank has been ranked number one in a survey of ‘Employers of Choice’ in Sri Lanka, published in the March 2013 issue of LMD magazine. The Bank achieved an Employer Choice Index of 105 in the survey conducted by TNS Lanka.

Listed firms in debenture rush

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Many listed entities in the Colombo Stock Exchange were seen taking advantage of the concessions offered in the Budget 2013 with regard to corporate debt, as few companies have already raised big sums this year through debenture issues with a several more to follow.

Things to know about asset allocation

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With literally hundreds of stocks, bonds and unit trusts to choose from, picking the right investments can confuse even the most seasoned investor. However, starting to build a portfolio with stock picking might be the wrong approach.

From crisis to sustenance : Blue Ocean Strategy – Challenging the conventional wisdom

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We learnt in the previous instalments that value innovation occurs whenever companies align innovation with utility, price and cost benefits for customers. Companies that achieve value innovation pursue differentiation and low cost simultaneously.

Brazil, China to ink deal on trade in national currency

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Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week’s BRICS summit of the world’s five emerging powers, Trade and Industry Minister Fernando Pimentel said.

COPE questions SEC’S failure to submit info on investigations

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The Securities and Exchange Commission (SEC) has been unable to submit any substantial information to the Committee on Public Enterprises (COPE) with regard to the investigations on market misconduct, during the meeting held last week, a COPE member stated.

Skill dearth hurts private healthcare sector: Report

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The shortage of medical professionals in Sri Lanka remains a major constraint for the private sector in exploiting the growing demand for private healthcare, a survey revealed.

Treasury continues to default Central Bank

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The Treasury has blatantly and repeatedly violated section 89 of the Monetary Law Act over the last decade, failing to settle the loans temporary obtained from the Central Bank (CB), an Opposition Party legislator alleged.

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